2775 Cruse RdLawrenceville, GA 30044

Property Details for 2775 Cruse Rd

Year built

2001

Construction

WOOD

Lot size

0.03 AC

Property size (Sq ft)

1,140 SF

Zone code

C1-NBHD BUSINESS

Property type

Commercial real estate

APN

7-039 -851

APU

7039851

Description

This exceptional 1,140 square foot office condo, situated at 2775 Cruse Road Unit 1602 in Lawrenceville, Georgia, presents a fantastic investment opportunity. Ideally located with convenient access to major thoroughfares like Highways 316 and 85, and the bustling Pleasant Hill commercial district, this property offers unparalleled convenience. The professional setting features a welcoming reception area, four generously sized meeting rooms, a functional kitchen, and a convenient bathroom. A rear entrance adds to the property's practicality and accessibility. The solid brick construction ensures durability and cost-effectiveness, further enhanced by all-electric utilities. The attractive asking price of $275,000 is complemented by a low-maintenance ownership structure. The Condo Association fees comprehensively cover water, sewer, trash removal, building insurance, and all exterior maintenance, minimizing ongoing expenses for the owner. This meticulously maintained property, situated on a 0.02-acre lot, represents a rare blend of prime location, functional design, and cost-effective ownership. Don't miss this chance to acquire a highly sought-after office space in a thriving commercial area. This is an excellent opportunity for a business seeking a well-appointed and easily accessible office space.

• CAP approach

  CAP return

  Valuation

  6%

  $226,740

  6.5%

  $209,298

  7%

  $194,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $124,364

  Geo Method

  $124,364

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $405,094

  Retail / Commercial

  $209,094

  Mixed-Use / Specialty

  $209,423

  Hospitality / Lodging

  $155,046

  Office

  $209,298

  Institutional / Educational

  $218,100

  Residential Income

  $255,177

  Multifamily

  $300,088

  Automotive / Energy

  $186,943

  Parking / Income-Based Land

  $63,450

  Restaurant / Food Service

  $111,216

  Healthcare / Senior Housing

  $213,658

Location Insight

City

Lawrenceville

County

Gwinnett

State

Georgia

Latitude

33.9385

Longitude

-84.0875

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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